86834

Obviously I have to say my blog lol

As already mentioned, depends on if it's a limit or a market order. It also depends on the market. For example, if you're trading crude, you need to use market stops instead of limit stops. If you're trading something like ES, you can use limit stops as there is great depth at each price. However, there are certain situations where your stop will most likely get jumped. An example would be doing something daft like putting a trade on 2 mins before a major economic release. I had a trainiee trader once who didn't listen to me when I said don't put a trader on just before a figure. This was last year.... he put a trade on right before consumer confidence came out, which was much higher than expected. He got completely smoked by the market....

My 2 cents.... Depends on your style really. Forex is an inter bank market which basically means you've got no depth of market so you can not base any of your trading on what is actually trading, which is what being a trader is about. The prices that are quoted by your FX broker is different from what the banks are quote them, which is where they make their money, hence very tight spreads and no commissions. Basically it's risk free money for them. If you trade the currency futures, you've got all the information you need to trade consistently day in day out. You've got full depth of market on the book and are available to see everything that is trading at each price, which allows you read supply and demand around s/r levels as well as reading when price is being malnipulated, which inturn gives you more sustainable trading. Forex = Playing poker when you have no idea how many people are sat at the table, no idea who's calling, who's folding, betting or raising, and no idea who's bluffing. Futures = Playing normal poker with a load of people who don't know how to play... Different strokes for different folks, but i know what i prefer...

Yeah, from a prop background.

Just to wade in to drop my penny in the pond... A lot of traders do trade just off the order book, and I can do it myself, however it easier when combined with some basic levels of the chart. I think one thing that should be pointed out is to trade as such requires the right tools that provide the right features, which is why most professionals use TT X trader. If you try and trade like this off a basic DOM like Ninja Trader etc, you'll get no where because it doesn't give you the information you need to do so. So if you keep the above in mind, the majoirty of retail traders are trading via very basic DOM's, so if this is all you've ever seen, I can understand why someone might think it is impossible.

I used to do a lot of spreading on Eurex with the schatz, bobl and bund, with some gilts throwen in at times. Not so much now days though with these products, as these spreads aren't what they use to be. I prefer just trading the bund as an outright now days. Bund/BTP spread on the other hands is sexy to say the least.... so check that out if you haven't already

No problems, as you say, so basic and so few will get it. I don't think most people will ever really understand what day trading is as there's so much misinformation out there that is out of date or isn't actually relevent to day trading. If you want to be good trader, then you just have to play the game. That's the difference between retail day traders and professional day traders. As the saying goes, don't hate the player, hate the game...

Right, time for me to throw my two cents in.... The resting orders are only half the story and alone are not really going to tell you too much. What you also need on your order book is cumlative volume which shows the total amount of contracts traded at each price, so you can actually see how many contracts are trading. Now typically, price will have a tendency to trade towards large bids and offers, so if we look at ES as an example, a large bid or offer in the that market is normally 2000-3000 resting orders. This is where the so called games people talk about take place... it's nothing new though and has been going on for donkey years. To keep it simple, say ES trades up to a hypothetical resistance level at 1100. When we get to 1100, if the offer is much larger than the bid with blocks of 2000-3000 lots resting, what a lot of people will try to do is lean on these resting orders to get short. What is actually happening is a large trader is putting up them large offers to make the market appear weak, which incourages people to lean on his orders as described above. What this does is cause the market to tick off lower where he can buy a lot more and smash price through the level by running the stops of the people who were leaning on his fake large offers. What you have to do is recongize that this is happening, and as the market ticks off lower, you need to be looking at the cumlative contracts traded to see where that big fish is buying a lot more lower down. So carrying on with the above example, lets say those people have started leaning on his large fake offers and the market has ticked down to 1098.75 where previously, 20,000 contracts have traded. Now as the market ticks off, if another 10,000 contracts trade there bringing the total to 30,000, and price keeps on bouncing on 1098.75 even though 10,000 contracts have just traded there, then you want to be buying there yourself and catching a ride on his tail as he smashes peoples stops.... If you're doing it properly, the market shouldn't really ever go more than 2 ticks against you in ES. If it does, just cut it. If anyone has any questions, then feel free to PM me.

I'm just so surprised no one can understand my frustation here... I tried to help my fellow man, and it just got spat back in my face. I'll leave you guys to it, and I won't bother again in future. Admin please delete my posts and account. Many thanks.

Oh yeah, and that S&C magazine, the age was a typo, i'm not 24, I had just turned 26 when the interview was conducted, and I am now 27. And for that facebook thing, I had no idea about that facebook stuff, and as you can see that wasn't posted by myself. So you can hardly hold me to something that was posted by someone else. Also for the S&C stuff, I think you'll find they checked my trading background before printing that interview. Also again, if i wanted to wow you in some way or try and advertise myself, don't you think i would of mentioned the S&C interview? No.... you're ego went out on google to try and disprove me in some way on a public forum, and all you found was an an interview article from S&C magazine about me and my trading. You know the saying assumptions make an ass out of you and I? Well it doesn't, assumptions just make an ass out of you. Just like everything in life, a couple of idiots ruin it for everyone. My blog gets around 300 hits a day, and I get lots of emails every week from people who love the trading articles that i've put on there and they say it has helped them greatly. Seeing as i'm such a moron and fake in your opinion, I if you want, i'll remove it all from my blog, and i'll quote your TL username and a couple of the others here as the reason for taking it down, and if they have a problem with that, they can come here and take it up with you... How about that?

No I'm not interested in anyone going wow 868347 you're amazing or anything like that. Believe me, i don't need other people to inflate my own ego. You're all just missing the point completely here. I tired to share some information with the original poster, then the word mentorship popped up and the whole witch hunt begins. You all just jump up accusing me of trying to profit in some way from these posts. What the hell do you know? I tell you want, PM me, and I'll give you the details of retail brokers that everyone here has heard off, and you can contact them and ask them about me. They will tell you that they've asked me work with them to do webinars on hotcomm, to do webinars for their client base, and to write articles for them and I've told them that I wasn't interested. If i was interested in trying to make money from mentorship from people like you, then I wouldn't of done that now would I? No... instead i wrote the article on my blog titled Dream Machine which was because of the last conversation I had with a large retail broker that a lot of you probably use, where I turned down their offer to work together doing mentorship. Like I say, I'm not interested in people going wow or anything like that. All i wanted to do was share my experience with aspiring traders without having some wannabie trader shouting out that i'm a crook selling mentorship. Some of you really are just jokes.

Believe me I haven't forgotten how to learn, the market is always your boss and the market is always adapting, and no matter how big you get, there's always someone bigger than you. A lesson the market quickly served to me when i decided to try and push the Dax around with size in a spread against stoxx once... Also with the adapting to the markets, the 2006 era on Eurex was interesting as every man and his dog in London was making a fortune, then as it droppped off and the eurex spreads went a bit crazy, some of the biggest traders that I knew at the time just ended up leaving trading, and that era as we moved away from the mid 2000's was a big lesson in adapting. I've also never once stated that the way I trade is the only way to trade. As you say, many ways up a mountain. I'm sorry you feel that I have made generalizations into statements or facts, that wasn't my intention. However I do feel that this has just turned into a try and prove me wrong thread because the reality of things isn't what people want to hear in terms of success in the retail world. My point that i've been trying to make is that yeah trading is great, but you have to be realistic in what you're going to achieve if you're coming from a retail angle. It frankly pisses me off when I try to give some helpful advice to a community trying to make it in the game that I love, only to have people try and shoot me down and undermine any advice that I try to give. You and I come from a completely different trading background to the majorty on these forums. I never just argue with people and say they're wrong, I give them my 2 cents of advice that has come from being in this business for a good few years, getting up every single morning at 5am, and plodding through London rush hour, to be at my desk for 6am to trade with some of the most talented, and most diverse set of people i've ever met in my life. I've dedicated my life to the markets, and yeah i've had my success in the markets, but my ruthless dedication to what i love to do has costs me dearly in other areas of my life, which i think a lot of other traders in the city can relate too. I just pisses me off that after everything i've gone through to get where I have, I try and share my experienced and knowledge with others somewhere like here, and it just gets spat back in my face. To me it's like a bunch of no hopers are trying to devalue what i've done and what i've tried to share. I'm fully aware that the $50k-$100k a week that I make is pretty much peanuts in the grand scheme of things, and there are many, many traders out there who will piss all over that, a handful of traders i know DO piss over what i make. I've met traders who's weekly take is more closer to the GDP of some tin pot country. However, my few million dollars that I take home a year, I think more than qaulifies me to depense some general advice about trading and this industry. Yeah you are completely right that there are traders that you know and I know who can make my trading look like school boy dinner money, but my final point is that, they ain't the people on this forum who try and argue with me if I try and help someone out.

If you say you're making money from trading and you taught yourself, I believe you, and I take my hat off to you for doing it on your own. I didn't do it on my own, I started of as a trainiee at a prop firm and was taught how to trade, so like I say, respect to you for doing so. My point about seeking a mentor is because someone like yourself is an exception to the rule. Richard Brandson dropped out of school, but ended up the CEO of Virgin and a billionaire, David Beckham dropped out of school to play football and ended up an international star with a popstar wife. There's always going to be that person who is the exception to the rule, but for every 1 Richard Branson, how many fall and never make it? Yes it is possible to be the person that taught her/himself how to trade, but the simple fact of the matter is that the odds are heavily stacked against you. It's about probabilities. For example, this board is full of people wanting to be full time traders, but I bet that only 10% of people in this community have taken the proper steps to try and make it happen. I bet 90% of people here have never applied to an established firm for a trainiee position, and I bet more haven't even put a C.V together for a trading position. If you met someone who said ' Yeah I want to be a banker, but it isn't working out... I haven't applied to any banks for banking jobs, but i've got this book about banking, so i'm going to start my own bank'..... you would just think... are you for real? If you're serious about being a trader, apply for professional positions within firms. If that doesn't work out, then try the next best option, try and find a mentor to teach you how to trade. If that doesn't work out, and you still believe you can do it, then yeah, have that one last push and try and do it on your own. If trading is what you're serious about doing, then you should be doing anything within your power to increase your probability of success. It's just common sense people.... which unfortunately isn't that common.

Exactly what i was talking about in one of my previous post, the milk of human kindness soon turns sour in places like this. The witch hunts begins and why so, and for what need? The only outcome being the OP topic getting completely de-railed. So i make a post, you see something that you don't like, and so what? All of sudden it turns into a look at me i'm right, i'm sherlock holmes, please everyone give me brownie points for me uncovering the devil that lurks amongst us.... Like I say, this is one of the aspects that I find interesting about places like this, and as mentioned earlier, you can see all types of human behaviour here. Decades ago two sociologists Berger and Luckmann introduced the concept that successful socialization occurs when an individual internalizes a given groups beliefs and values to such an extreme extend that it becomes 'reality for them'. Basically anything that goes against the norm for the group and you get an automatic impulse that it is wrong, regardless, and that to realize the true fact you have to fight to realize it. Politics is a fine example of this. In experiments that have been carried out by leading ivy leauge universities in the states, they hooked people up to an FMRI machine and the people listened to something that was true, but challenged their personal belief. The outcome was that when such a thing happens, it actives a part of your brain that is responsible for detecting errors and you instantly get an automatic impulse from your brain that basically prints out 'error!'. Now this backs up research done by princeston universtiy that shows that people see their own beliefs as less baised than others. In other words, you're just automatically thinking you're right and will try to disprove anything that goes against your personal belief as you see it as a threat to you in some way. Which goes back to the Berger and Luckmann theory that we all do live, in some sense, in alternative forms of reality. Like we all know that 1+1 = 2 and that 2+2 = 4, but if something goes against your 'alternative reality' then you will just automatically reject it or do anything you can to disprove it. A good example here would be religion and science... how was the world made? Now this leads onto the next part which is misperceptions in intergroup conflict... The unviersity of Florida carried out studies which examined misperceptions of disagreements in partisan social conflicts. The research basically concluded that those who disagree with the adversaries tend to exaggerate the differences of opinion. They also concluded that the people disagreeing with the adversaries were also inaccurate in perceviing the opinions within the debate. This is in a nutshell what you have done in this post. Now as mentioned before, what is happening in the post is fine example of what i've explained above. You've picked up on something irrelevent that you don't personally agree with, yet it has sent an impulse in your brain to bring it up as issue because it goes against the norm of the group that you feel that you belong too. The pack animal effect kicks in as you scramble to seek approval from your peers within the group which is this community, which in turn, makes you feel like you have a more crediable role within the communtity. For example, when checking up on this thread, you'll feel a sense of approval from the community if you have a couple of 'thank you for this post' attached to the post that you wrote. Once you have finished making a couple of pointless pokes at me, you and the others will just go back to fighting amongst yourselves as the power struggle contintues for the dominant role of the group that is this communtity. All I am to you is an unknown threat as you fight for your place in the pecking order It's really interesting to watch. I'm sure all of you will agree with me here, even if you don't chose to voice your opinions, that 'trading communities' like this with their monderators, thanked post counts, number post contributed are basically an online hierarchical arrangement of individuals into divisions of percieved trading credibility, which is just social stratification. As mentioned above, this just causes a power struggle as people fight for their place in the pecking order because people want to be 'the one'...that trader in the community that people acknowlege as being successful and who's opinions are worthy. So as the majority of people fight it out for their place, and just look around this forum, you can find plenty of posts of people fighting amongst each other, trying to disprove other people, and the various witch hunts that have run rampent within threads.... it's clear to see that the original conception and ideology of the group which was to help share information and education about trading has just taking a complete back seat as people fight for their place in the social order. Now this comes onto why I said that 99.9% of people here are not going to make anything of trading, and are not my client target base for mentorship, a subject that is quite irrelvent, but you see it as an opportunity to score some brownie points for reasons listed above. Now if there's something that I say that you don't like, then fair enough, we all have our right to disagree, and the old mantra of if you haven't got anything good to say, then don't say anything at all should be applied. If you don't like that I offer mentorship, then no one is forcing you to look into it. If you don't like my fire, then don't come round. It's pretty simple really. If people are interested in mentorship from myself then they're free to spend a week watching live trading by myself and seeing how much I make or lose for real before parting with any payment. That's fair enough isn't it? Also I'd like to point out, that because of your pointless urge to bring the mentorship issue up to score brownie points, you've just ended up creating more awareness that I offer mentorship. Like I say, if you don't like my fire then don't come round, no one is forcing you, and people are free to form their own opinions if they wish to investigate further after spending a week with me. The main reason why professional traders don't come onto websites like this is because of the witch hunt, and the bickering by people who clearly have no idea about the underlying subject. People forget here that the objective here is trading and helping others achieve their goals. A professional may share some knowledge with the group, but it disrupts the social order or status quo of a place like this, so it ends up just being thrown back in their face. So a lot of us just think, what's the point? As a result, you end up with a community that is filled with the blind leading the blind, who have lost track of the orginal mantra of the community. Anyone who comes along and tries to help is automatically made out to be a crook. No one is here to rob you of your money, you're quite capable of robbing yourself by being delusional that you're going to be a successful trader in a highly competetive professional industy, without any proper training. Why don't you go start an oil company and a space agency while you're at it? Anyway i've ranted on long enough here. I'll end on one last note... When you actually listen you may feel that it is confusing in one or more ways, but that's just because you're not used to listening. If you truly listen, you might find that the person talking is indeed very interesting.

I forgot to add to my last post... Yes I do offer mentorship, but no it has nothing to do why i'm posting in this thread. To nip the whole mentorship thing in the bud, somewhere like this really isn't a place for clients for me. No offence or anything, but as stated in one of my posts 99.9% of you will not be properly funded, and 99.9% of people on a website like this wouldn't be able afford my fee or 20% take of monthly profits. So rest assured, i'm not hear to promote mentorship lol Like i say, it's the wisdom and philosophy side of things that I enjoy sharing about my path as a trader, not how I trade. Hopefully my writing on my blog will be something that will make you think, make you smile or crack a laugh to yourself after a bad day. I like to think that some of you would like my blog, but then again some of you won't, but that's the beauty if life isn't it? Last post can be found here, and if you read it, you can see that it actually has nothing about tell you how to trade. Emini S&P 500 Trading: Ahhh Memories

Well it's a quiet week and i'm browsing a forum about trading. The honest answer is that I believe that 99.999% of what is written on trading forums, retail broker sites and the internet in general is pure nonsense. I'm not really too interested in discussing trading methods with people online. When I load up this website, the first thing I see is 'The Zig Zag Indicator' which I find comical. I also find some of the posts of sites such as these funny reading. 99.9% of those that making posts on trading forums don't have a clue, then the 00.1% that can trade, well there's no point discussing trading methods with them. I make money, they make money, and any talk of which methods work is just the same as two artists arguing over how to draw an apple. If you're making money, you're making money, it doesn't really require discussion. When i'm in the pub with my friends that are traders, we're not talking about trading methods.... However, having said that, what I do like about these forums, and what I use my blog for is to interact with newer traders. Starring at the charts, and taking trades is just a job to me, the bit that I like to talk about is the wisdom and philosophy of trading. That's the interesting part of trading. Once you get good a trading and are earning money, like i say, it's just a job at the end of the day. The philosophy of the market and how it can make you wise way beyond your years is something that I like to share with people. One day when I bring myself to retire from what i love to do (mrs is always nagging me to retire) I want to write a book on trading philosophy, and for me, it intrigues to read what people have to say on forums like these. I work in the professional arena of trading, I know what that is like, and what goes through the minds of most people on the desk, but I don't know what goes through the minds of people like yourself, and it intriuges me how there's this whole other world of fools gold where the only people making money are the people selling the shovels. Personally I think it's wrong, and i find it intruiging to see how in the retail world, places like this for example, seem to fight amongst each other. It's a place where the true nature of man can be seen. The milk of human kindness slowly curdles and turns sour. I just find it fascinating how most of you don't realize that the markets are really just about understanding yourself more than anything. Like I say, it's just fascinating to me

You hit the nail on the head there.

I haven't done much on the emini's this year because of the trading enviornment. I think people forget that the markets have had their biggest crash in the history, and the market will put in some down time before it picks up again. Anyone trading through the dotcom crash should know what I mean. There have been opportunities in ES if you're only trading small size, but I trade quite a lot of size and I need to iceburg my orders in, so for me personally, there have been better opps out there, rather than trading outrights in ES. The money I make from ES trades more than qualifies earning a living out of the emini's, but the emini's are not my sole market. I run my own fund and manage a lot of other peoples money, so sticking to just one product and style isn't the name of my game. So far this year, a lot of the stuff i've been doing have been various spreads like 10's under 2's flatteners as the yield curve has dropped, TuT's, Eurostoxx/Dax spreads, schatz, bobl, bund flies etc. Also been active in cable and the yen. For most of you guys you shouldn't be risking more then 1% per trade, or per day when day trading. You're simply not experienced enough to handle more risk. Even at 2% you're gonna surprise yourself how much captial you chew through on a bad run, and you will have a bad run. Also you have to be realistic about how much you're going to make from the markets. Yes you get the odd person once every blue moon who turns a $5k account into $1,000,000, but you've got more chance of winning the lottery than being that guy. If you want to earn millions from trading, then you need to be trading millions. I earn multiple 7 figures in a year, but i'm trading multiple 7 figure accounts for clients. If you want to earn hundreds of thousands a year, then you need to be trading hundreds of thousands, on so on down the list we go. If anyone tells you otherwise then they're living in a fantasy land or they haven't been trading for very long. This isn't going to be what most people want to hear, but if you're serious about trading full time for living, then the very least you need in trading captial is $100,000. Forget all that $500 margin rubbish because it's complete bollocks to sucker you into thinking you can make a fortune off a small amount. You can trade 10 contracts in ES per $100,000, then ontop of that, you need cash reserves in the bank for when you hit downdraw etc. Out of the profits you make each month, you're gonna only be paying yourself 50% and leaving the other half in the trading account for your trading captial to grow. Lets say you turn out to be a good strong trader, and you can average 30pts a month over a year by day trading (a lot harder than what you think!), so without even taking into consideration commissions which are completely ridiculous for you retail guys, this is what you're gonna make.... and this is completely hypothetical and in a perfect world... which we don't live in..... oh and it doesn't take into consideration any over heads. 10 ES contracts = $500 per point. 30pt profit a month average = $15,000 50% wage to yourself to live on = $7500 Now lets include some basic costs.... and lets say you average 6 round trips a week at $4.80 a roundie working on a 4 week month to keep it simple.... 30pt profit = $15,000 Cost of Round Trips -$1152 TT X trader - $1500 CQG - $600 News Feed - $300 Net Costs - $3,552 Net Profit - $11,448 What you pay youself.... $5724 So this is a very basic example, and doesn't take a lot of things into consideration, and it is making the assumption that you can consistently make 30pts a month, and we all know how assumptions are the mother of all screw ups. So on a $100,000 account you're walking out with $5724 a month as a wage that you're gonna live on. The other half is staying in your trading account to build up your trading captial. I bet 99.9% of you don't have $100,000 trading captial, let alone savings ontop of that to last you a year. I'm not saying that to be a moron, but it's just the reality that you have to accept. I've been there, done it, got the t shirt. Anyone who tells you otherwise is just spinning their own ego off. I mentioned in my blog post, the expectations that 99.9% of retail traders have about trading are on the same level as people getting up one day and deciding they're gonna start an oil company out of their bedroom on $10,000 and they're gonna take on the likes of Shell, BP, Mobile etc Now if you do have the captial to get involved with trading properly, then you need to find someone to train you properly. Going to webinars your broker sends you is pretty much searching through the 'never has been anything' box. You have to accept that retail brokers, and retail education on the whole is just a fools gold market and the only people making money in the retail world are the people selling the shovels. If you haven't got that type of trading captial, then all this is going to be is a part time hobby that you'll be able to pay for a few holidays with if you get good. These are your options.... 1. You're suffeciently funded to give trading a go full time... You need to find an experience trader that will mentor you. I would only class someone as an experienced mentor if they've consistently earned over $300,000 a year for 3 years or more. Be realistic too, mentorship isn't going to be cheap, just like going to college to be a doctor or a lawyer isn't cheap. It's going take time for you to learn the business, and they're probably going to want a take of your profits. For example I take 20% of profits a month from someone I decide to mentor... What do you want... 100% of nothing or 80% of a few grand? 2. You haven't quite got $100k type money to trade with.... You can still get a mentor but obviously it's gonna hit your bottom line more. If you're a single young person, then it could work for you, otherwise you fall into catagory 3. 3. You not properly funded to trade full time..... Either save up more money, or this is just a part time gig for you. Give it a go and see what happens. Like I say, you might be able to pay for the odd dirty weekend away with the girlfriend/boyfriend. For you young ones, you need to be trying to get in at a firm. Unless you're a rich kid and you're parents are gonna back you a few hundred grand, you need to stay in school, work hard, and get good at writing C.V's and be thinking of a good speech for when asked 'why do you want to be a trader' If you get knocked back at interviews, just keep on applying. It shows persistence and dedication, and that's what we like to see in someone when we're hiring a grad. It is what it is.

I've been a full time trader for 8 years, with the Emini SP being my bread and butter since the liquidity and spreads on Eurex went off a cliff. Ask away...

In my opinion the emini spoo is the best market for day trading. Plenty of day traders in that market, and plenty of liqudity. I've actually wrote an article on my blog about this very topic that i call the dream machine that most new traders seem to be getting sucked into Emini S&P 500 Trading: The Dream Machine Trading is what it is, and when you take it for what it is then life becomes a lot more easier. There's always this talk amongst new traders about the smart money, the dumb money, about having the edge etc... When I first start started out as a trader, at the time I was sat on the same row of the biggest trader in the office, who at the time was trading 6000 lots in the bund, schatz etc. Anyway on my first day he said something to me that has stuck with me thoughtout my career... he said... "don't get suckered in by all the rubbish people talk, it is what it is, and that's bullsh*t... once you realize that, you'll see the market for what it is" Trading is a hard game, every trader knows that, but most people are making it a lot harder than what it is. This is mainly due to the ridiclous expectations they have of trading. For example, the markets have been quieter than normal recently, but there are traders out there who still trying to force the hand trying to trade opportunities that are not there because people come into this thinking they're gonna be making 10 trades every day just because they're attached to the title day trader. What people don't tell you is that 90% of this game is sitting about and waiting for the opps to come to you. When they do, they're clear a day light

Fantastic stuff. Hopefully the volatility that we've seen in the market today will bring things back into the 'norm' so to say....

I'm a full time trader in the sense that trading is what i do for a living. However i only trade wednesday, thursday and friday.

This is the best post i've ever read on the internet about trading. The 'regime change in volatility' as you put it, caused me to put the strategy that i was trading back in the draw for now. I ended up not trading for 3 weeks at the end of sept and beginning of oct as i developed a new strategy that could cope with the change in volatility better. Adapt or die as they say....

Personally I would say no. If you can only trade the first 60mins, then maybe you should look at swing trading. For example, i don't trade the first hour of the day as the information the initial balance gives me extremely important.

forgot to attach screenshots